Two weeks to go ...eight up days + two down days.... net= six days of upside at 90 cents/day = $5.40
$34.65 plus $5.40 = $40.05......margin people recently flushed out, profit takers out of the way, and no real additional short sellers means little resistance above... need $36.50 by thurs close .......number of shorts covering at this lower price will accelerate as $36-$37 is once again achieved pushing the stock upwards....just a longshot hunch...as q1 will only have two weeks left in march and tesla could preannounce its first ever profitability. Chances are?
Great week...5-0....$3.82 up.....next week should follow through nicely..... first another breather day on Monday, followed by a strong tues and weds....then a weaker end of week as we come into options exp on fri.
My Guess....High of $40.89 by late weds or early thurs.....then drifting back below $40.00 by fri close. just sayin
I do not think the shorts will panic just because price hit $40. The shorts are big boys and institutions. Many have diversified portfolio, hedges, etc. They will panic if they get info that Tesla is going to be cash flow positive, and orders are pilling in.
I have found that many big shorts are very smart. They do their research. Suggest reading "The Big Short" by Michael Lewis. The bad part about the Tesla shorts is that it is crowded trade. Nearly half of the available float seems to be short, while the stock keeps trending up.